Dragonfly Doji

The Dragonfly Doji candlestick is a special Doji where the open and close price are at the high of the day.

Picture of Dragonfly Doji candlestick

Interpretation of Dragonfly Doji

The Dragonfly Doji candestick forms when the open, high, and close are equal, and the low creates a lower long shadow.  The Dragonfly Doji suggests that sellers have driven the prices lower during the session, however by the end of the session the buyers have pushed the prices back to the opening level and the session high.  This signal looks like a “T” with a long lower shadow and no upper shadow.   Like other Doji days, the Dragonfly Doji normally appears at market turning points. 

More Information